| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
VEE Overview
VEEM Ltd manufactures and sells propulsion and stabilization systems.
VEEM Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$1.16 |
| 52 Week High | AU$0.47 |
| 52 Week Low | AU$1.45 |
| Beta | 0.47 |
| 1 Month Change | -13.76% |
| 3 Month Change | -13.11% |
| 1 Year Change | 136.74% |
| 3 Year Change | 110.91% |
| 5 Year Change | n/a |
| Change since IPO | 90.16% |
Recent News & Updates
I Ran A Stock Scan For Earnings Growth And VEEM (ASX:VEE) Passed With Ease
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
VEEM Ltd Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
VEEM Ltd ( ASX:VEE ) shareholders are probably feeling a little disappointed, since its shares fell 5.4% to AU$1.22 in...
Shareholder Returns
| VEE | AU Machinery | AU Market | |
|---|---|---|---|
| 7D | -3.7% | -3.1% | -0.5% |
| 1Y | 136.7% | 125.4% | 24.9% |
Return vs Industry: VEE exceeded the Australian Machinery industry which returned 125.4% over the past year.
Return vs Market: VEE exceeded the Australian Market which returned 24.9% over the past year.
Price Volatility
| VEE volatility | |
|---|---|
| VEE Beta | 0.47 |
| Industry Beta | 1.36 |
| Market Beta | 1 |
Stable Share Price: VEE is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: VEE's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1968 | n/a | Mark Miocevich | https://www.veem.com.au |
VEEM Ltd manufactures and sells propulsion and stabilization systems. The company offers gyrostabilizers, CNC machined monobloc propellers, submarine components, and marine ride control fins; forever pipe, a bimetal centrifugally cast hollow bars; and engineering services. It also manufactures bespoke engineered products and services to the marine, defense, and mining industries.
VEEM Fundamentals Summary
| VEE fundamental statistics | |
|---|---|
| Market Cap | AU$156.02m |
| Earnings (TTM) | AU$4.90m |
| Revenue (TTM) | AU$59.50m |
32.0x
P/E Ratio2.6x
P/S RatioIs VEE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| VEE income statement (TTM) | |
|---|---|
| Revenue | AU$59.50m |
| Cost of Revenue | AU$0 |
| Gross Profit | AU$59.50m |
| Expenses | AU$54.60m |
| Earnings | AU$4.90m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.036 |
| Gross Margin | 100.00% |
| Net Profit Margin | 8.24% |
| Debt/Equity Ratio | 61.3% |
How did VEE perform over the long term?
See historical performance and comparisonDividends
0.8%
Current Dividend Yield24%
Payout RatioValuation
Is VEEM undervalued compared to its fair value and its price relative to the market?
26.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VEE (A$1.16) is trading below our estimate of fair value (A$1.58)
Significantly Below Fair Value: VEE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: VEE is poor value based on its PE Ratio (32x) compared to the Australian Machinery industry average (25.2x).
PE vs Market: VEE is poor value based on its PE Ratio (32x) compared to the Australian market (19x).
Price to Earnings Growth Ratio
PEG Ratio: VEE is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: VEE is overvalued based on its PB Ratio (4.4x) compared to the AU Machinery industry average (2.3x).
Future Growth
How is VEEM forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
26.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VEE's forecast earnings growth (26.7% per year) is above the savings rate (1.9%).
Earnings vs Market: VEE's earnings (26.7% per year) are forecast to grow faster than the Australian market (11.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: VEE's revenue (17.4% per year) is forecast to grow faster than the Australian market (5.1% per year).
High Growth Revenue: VEE's revenue (17.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VEE's Return on Equity is forecast to be low in 3 years time (16.2%).
Past Performance
How has VEEM performed over the past 5 years?
-4.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VEE has high quality earnings.
Growing Profit Margin: VEE's current net profit margins (8.2%) are higher than last year (5.6%).
Past Earnings Growth Analysis
Earnings Trend: VEE's earnings have declined by 4.1% per year over the past 5 years.
Accelerating Growth: VEE's earnings growth over the past year (98.4%) exceeds its 5-year average (-4.1% per year).
Earnings vs Industry: VEE earnings growth over the past year (98.4%) exceeded the Machinery industry 25.8%.
Return on Equity
High ROE: VEE's Return on Equity (13.9%) is considered low.
Financial Health
How is VEEM's financial position?
Financial Position Analysis
Short Term Liabilities: VEE's short term assets (A$27.6M) exceed its short term liabilities (A$11.3M).
Long Term Liabilities: VEE's short term assets (A$27.6M) exceed its long term liabilities (A$22.6M).
Debt to Equity History and Analysis
Debt Level: VEE's debt to equity ratio (61.3%) is considered high.
Reducing Debt: VEE's debt to equity ratio has increased from 13.9% to 61.3% over the past 5 years.
Debt Coverage: VEE's debt is well covered by operating cash flow (49.5%).
Interest Coverage: VEE's interest payments on its debt are well covered by EBIT (14.7x coverage).
Balance Sheet
Dividend
What is VEEM current dividend yield, its reliability and sustainability?
0.77%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VEE's dividend (0.78%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.3%).
High Dividend: VEE's dividend (0.78%) is low compared to the top 25% of dividend payers in the Australian market (5.4%).
Stability and Growth of Payments
Stable Dividend: VEE is not paying a notable dividend for the Australian market, therefore no need to check if payments are stable.
Growing Dividend: VEE is not paying a notable dividend for the Australian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: VEE is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of VEE's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.8yrs
Average management tenure
CEO
Mark Miocevich
26.67yrs
Tenure
AU$415,331
Compensation
Mr. Mark David Miocevich, B. App SC.(Mech Eng) FIE Aust serves as Managing Director at VEEM Ltd since 1995. Mr. Miocevich is responsible for the overall performance of VEEM and for the leadership of the ma...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD302.98K) is about average for companies of similar size in the Australian market ($USD282.71K).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: VEE's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
Experienced Board: VEE's board of directors are considered experienced (3.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.9%.
Top Shareholders
Company Information
VEEM Ltd's employee growth, exchange listings and data sources
Key Information
- Name: VEEM Ltd
- Ticker: VEE
- Exchange: ASX
- Founded: 1968
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: AU$156.023m
- Shares outstanding: 135.08m
- Website: https://www.veem.com.au
Location
- VEEM Ltd
- 22 Baile Road
- Canning Vale
- Western Australia
- 6155
- Australia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/24 08:06 |
| End of Day Share Price | 2021/09/24 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.